The Reserve Bank of India today notified that M/s. Nava Bharat Ventures Limited has passed resolutions at the board of directors' level and at a special resolution by the shareholders agreeing to enhance the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme up to 60 per cent of its paid up capital.

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/791